This is a great improvement because not only can the AIO or 1st lien heloc be used for house hacking strategies, but it can also be utilized for instances where the investor cannot occupy the property, investment properties.

How extensive should the repairs be?

It's always critical to do your own extensive due diligence on the sponsor, market, and deal before investing.

Most successful wholesalers of residential property concentrate in the areas where the real estate brokers don't function well - "ugly" houses, those that need extensive renovation, low priced homes not worth the realtors time or energy, and those homes in certain "redlined" neighborhoods where the major real estate brokers choose not to operate.

As of late, it is the rare instance when it loads fast rather than the norm.

David that is such a broad question.Shopping centers vary by age.Generally everything recycles after so many years.For instance if a shopping center is 40 or 50 years old it is past it's life cycle.Generally at that point you tear it down and build new.If a shopping center is say 20 years old many will just reface the outside to make it look new and repaint and re-stripe the parking lots.This is all predicated on if the shopping center still has a viable location or has growth shifted and now the center is int he old part of town.If it's in the old part of town refacing might not make sense and instead you buy at a lower basis to rent to Big Lots,outlet stores,etc. for less money.Still a tenant that will rent from you but at a lower cost because the area has shifted.With shopping centers it's all about the corner and access from 2 points,red lights,traffic volume and flow,etc.Anchored shopping center versus unanchored,tenant mix with credit rated tenant and frachise concepts versus mom and pop operations.Just like with houses you can run into big repairs with older shopping centers.Don't pay attention to current leases as much going in as what is market rent now and any leases fixing to reset.Also need to know level of shopping center saturation in a 2 mile radius depending and could be tighter or bigger in size depending on rural,subrurban,or urban core,and population count and demographic.Hope it helps.

Each state has personal property disposal laws.For instance in GA if a tenant vacated you still have to check if utilities are on and make sure they didn't try and sublease it to somebody else.

The owner told me that if i purchase the property, the title company has to do extensive title search and convert the "Tax Deed" into a "Warranty Deed".

For instance, you state a 10% vacancy rate, 10% in repairs and 10% in cap-ex.  

For instance we actually upped our eating out and coffee budget some so we could go out and offset the effects of losing some of our privacy at home.Best of luck and keep us updated as you start formulating a plan.